LAOPALA

La Opala RG share price & financials

Price
₹183.46
Market cap
₹1.8k Cr
Sector
Consumer Durables

What La Opala RG does

La Opala RG Limited manufactures opal glass and 24% lead crystal glassware tableware and barware, including dinner sets, plates, bowls, cup-and-saucer sets, tea/coffee sets, borosilicate storage containers and crystal tumblers, vases and stemware. It pioneered opal glass tableware in India in 1987 and lead crystal glassware in 1996, and sells through a multi-brand portfolio spanning entry-level to premium price points. Products reach customers via a distributor-dealer network across Indian towns and cities, large-format retail and e-commerce partners, plus exports to international markets.

Segments

  • Opalware
  • Crystalware
Manufacturing facilities
3 units (2 at Sitarganj, Uttarakhand + 1 at Madhupur, Jharkhand)
Installed production capacity
32,000 MTPA combined (opalware + crystalware)
Distributors
200+
Dealer network
23,000+ dealers
Towns covered (population 100,000+)
600+
Export presence
40+ countries
Founded 1987Headquarters Kolkata, West BengalEmployees 777 (March 31, 2025) Company website

Quarterly results

Q1 FY27: revenue up 9.2%, net profit up 4.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue91 91 77 65 91 +0%84 −8%68 −12%71 +9%
EBITDA29 26 27 24 35 +21%32 +23%25 −7%26 +8%
Net profit24 23 26 25 27 +13%24 +4%16 −38%26 +4%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −36.9% 1Y

₹160₹180₹200₹220₹240₹260Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹251.71 on 10 Sept 2025 → ₹158.93. High ₹252.78 (23 Sept 2025), low ₹158.93 (11 Sept 2026).

Financials, as filed

Revenue fell 12.0% a year over 3 years, FY23 to FY26. Operating margin held at 37.7%.

Year endingFY23FY24FY25FY26
Revenue₹452 Cr₹365 Cr₹332 Cr₹308 Cr
Operating profit₹172 Cr₹136 Cr₹109 Cr₹116 Cr
Operating margin38.1%37.3%32.8%37.7%
Interest₹6 Cr₹6 Cr₹5 Cr₹4 Cr
Depreciation₹23 Cr₹22 Cr₹19 Cr₹20 Cr
Net profit₹123 Cr₹128 Cr₹97 Cr₹92 Cr
Net margin27.2%35.1%29.2%29.9%
Cash from operations₹109 Cr₹68 Cr₹112 Cr₹68 Cr
Free cash flow₹87 Cr₹60 Cr₹103 Cr₹69 Cr
ROCE22.0%19.0%15.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr
Reserves₹644 Cr₹718 Cr₹753 Cr₹829 Cr₹780 Cr₹798 Cr
Borrowings₹2 Cr₹15 Cr₹13 Cr₹9 Cr₹8 Cr₹9 Cr
Other liabilities₹74 Cr₹91 Cr₹109 Cr₹66 Cr₹70 Cr₹65 Cr
Total liabilities₹742 Cr₹846 Cr₹897 Cr₹927 Cr₹880 Cr₹895 Cr
Fixed assets₹114 Cr₹119 Cr₹217 Cr₹197 Cr₹181 Cr₹169 Cr
Capital work in progress₹81 Cr₹108 Cr₹0 Cr₹6 Cr₹0 Cr₹2 Cr
Investments₹461 Cr₹535 Cr₹554 Cr₹588 Cr₹566 Cr₹593 Cr
Other assets₹86 Cr₹84 Cr₹126 Cr₹137 Cr₹133 Cr₹131 Cr
Total assets₹742 Cr₹846 Cr₹897 Cr₹927 Cr₹880 Cr₹895 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −1.25 pp while the public added +1.17 pp. The shareholder count shrank 4% to 58,757.

Promoters
66.3%
FIIs
0.5%
DIIs
18.6%
Public
14.6%

Since Jun 2025

  • DIIs −1.25 pp
  • Public +1.17 pp
  • Promoters +0.44 pp

How it drifted, 12 quarters

Over this window the public went from 13.2% to 14.6% — +1.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 65.6%, FIIs 1.7%, DIIs 19.4%, Public 13.2%.Dec '23: Promoters 65.6%, FIIs 1.5%, DIIs 19.3%, Public 13.6%.Mar '24: Promoters 65.6%, FIIs 1.6%, DIIs 20.4%, Public 12.3%.Jun '24: Promoters 65.6%, FIIs 1.5%, DIIs 19.9%, Public 12.9%.Sep '24: Promoters 65.6%, FIIs 1.8%, DIIs 19.4%, Public 13.2%.Dec '24: Promoters 65.6%, FIIs 1.8%, DIIs 19.4%, Public 13.1%.Mar '25: Promoters 65.8%, FIIs 0.9%, DIIs 19.6%, Public 13.7%.Jun '25: Promoters 65.8%, FIIs 0.8%, DIIs 19.9%, Public 13.5%.Sep '25: Promoters 65.8%, FIIs 0.8%, DIIs 19.9%, Public 13.4%.Dec '25: Promoters 65.8%, FIIs 0.6%, DIIs 19.8%, Public 13.7%.Mar '26: Promoters 66.2%, FIIs 0.5%, DIIs 19.6%, Public 13.7%.Jun '26: Promoters 66.3%, FIIs 0.5%, DIIs 18.6%, Public 14.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of La Opala RG above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Genesis Exports Private Limited 47.07%+0.13 pp
HDFC Small Cap Fund Mutual fund8.51%unchanged
Ajit Jhunjhunwala 7.57%unchanged
DSP Dynamic Asset Allocation Fund Mutual fund6.76%unchanged
Gyaneshwari Devi Jhunjhunwala 4.48%unchanged
Sushil Jhunjhunwala 3.65%unchanged
ICICI Prudential Bharat Consumption Fund Mutual fund1.76%−0.27 pp
Shruti Kishore Puria 1.44%unchanged
Nidhi Jhunjhunwala 0.81%unchanged
Abhyuday Jhunjhunwala 0.63%unchanged
Ishita Jhunjhunwala 0.63%unchanged
UTI Small Cap Fund Mutual fund—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in LAOPALA

Filings to Jul 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹174 Cr
1 schemes
Biggest holder
HDFC Small Cap Fund
₹174 Cr · 0.4% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹174 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
-50%
vs est. average cost
Held by funds
₹174 Cr
1 schemes · ≈ 9.8% of the company

Shares held by these funds +3%

Aug '23 94.45 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹159, this stock must grow earnings at 14% every year for 7 years. Our analysis caps realistic growth at ~-9%. At that growth it is worth ₹45 — downside of 72%.

Growth the price implies
14.0% a year
for 7 years, fading to 4%
It has actually compounded at
-9.2% a year
net profit, FY23–FY26 · EPS -9.1%
The gap
0.2 pp
-72% downside if it only repeats history
Price today ₹158.93 Value at the reference growth ₹45.02

Change the assumptions yourself →

Learn to analyse La Opala RG

Guides on how to read this kind of business and the numbers that matter.